Citigroup Lowers Lululemon Athletica (NASDAQ:LULU) Price Target to $330.00

Lululemon Athletica (NASDAQ:LULU) had its price objective lowered by equities researchers at Citigroup from $380.00 to $330.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has a “neutral” rating on the apparel retailer’s stock. Citigroup’s price target indicates a potential upside of 0.88% from the stock’s current price.

A number of other equities research analysts have also weighed in on LULU. TD Securities lifted their target price on shares of Lululemon Athletica from $382.00 to $383.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Needham & Company LLC raised shares of Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 price objective on the stock in a research note on Friday, January 10th. TD Cowen upped their target price on shares of Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday, December 5th. Oppenheimer upped their target price on shares of Lululemon Athletica from $380.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Finally, Guggenheim upped their target price on shares of Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $397.10.

Lululemon Athletica Price Performance

Lululemon Athletica stock traded down $2.45 during trading hours on Thursday, reaching $327.12. The stock had a trading volume of 557,275 shares, compared to its average volume of 2,156,906. The stock has a market cap of $39.84 billion, a PE ratio of 23.61, a PEG ratio of 2.22 and a beta of 1.21. Lululemon Athletica has a 52 week low of $226.01 and a 52 week high of $480.94. The company has a fifty day simple moving average of $372.75 and a 200-day simple moving average of $336.02.

Insider Buying and Selling

In related news, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value of $782,736.42. Following the completion of the sale, the insider now owns 6,198 shares of the company’s stock, valued at approximately $2,399,307.78. The trade was a 24.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.48% of the stock is owned by insiders.

Institutional Investors Weigh In On Lululemon Athletica

Several institutional investors and hedge funds have recently added to or reduced their stakes in LULU. Price T Rowe Associates Inc. MD boosted its stake in Lululemon Athletica by 95.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer’s stock worth $1,854,160,000 after purchasing an additional 2,371,079 shares during the last quarter. Mawer Investment Management Ltd. acquired a new stake in Lululemon Athletica during the 4th quarter worth $523,520,000. Diamond Hill Capital Management Inc. acquired a new stake in Lululemon Athletica during the 4th quarter worth $370,062,000. Alliancebernstein L.P. boosted its stake in Lululemon Athletica by 14.9% during the 4th quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer’s stock worth $1,681,682,000 after purchasing an additional 571,657 shares during the last quarter. Finally, Capital World Investors boosted its stake in Lululemon Athletica by 34.6% during the 4th quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer’s stock worth $827,338,000 after purchasing an additional 556,406 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

About Lululemon Athletica

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.